CHINA-ECONOMY: RISING COST OF LIVING AND CONSUMER INFLATION

Data released by China's National Bureau of Statistics on October 15, stated that surging pork prices had pushed China’s consumer inflation to a near six-year high in September, complicating Beijing’s effort to stimulate growth but also giving it an incentive to buy more agricultural goods from the U.S. It said the consumer-price index rose 3% in September from a year earlier.  The main factor was surging pork prices, up 69% from a year earlier—the fastest rise in 12 years—and contributing to more than half of the headline CPI’s September increase, the statistics bureau said.





Subscribe to Newswire | Site Map | Email Us
Centre for China Analysis and Strategy, A-50, Second Floor, Vasant Vihar, New Delhi-110057
Tel: 011 41017353
Email: office@ccasindia.org